Shirley A Shultz Charitable Trust
- Assets
- $2.9m
- Revenue
- $92.3k
- Investments
- $2.9m
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 55-6101141
Organization Overview
Shirley A Shultz Charitable Trust is located in Huntington, WV. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shirley A Shultz Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Shirley A Shultz Charitable Trust generated $92.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $213.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Shirley A Shultz Charitable Trust has awarded 21 individual grants totaling $551,671. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,795 |
| Dividends & Interest | $61,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,769 |
| Capital Gain Net Income | $2,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,331 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,191 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,955 |
| Contributions, gifts, grants paid | $194,720 |
| Total expenses and disbursements | $213,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,873,868 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Shirley A Shultz Charitable Trust has awarded $194,720 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL | $9,724 |
HUNTINGTON CITY MISSION PURPOSE: GENERAL | $9,956 |
HUNTINGTON MUSEUM OF ART PURPOSE: GENERAL | $9,724 |
MARSHALL UNIVERSITY FOUNDATION PURPOSE: GENERAL | $34,036 |
PRESBYTERIAN CHURCH USA PURPOSE: GENERAL | $72,933 |
THE SALVATION ARMY PURPOSE: GENERAL | $34,036 |